WASHINGTON—John Wall signed a new contract to stay with the Washington Wizards. Wall has big hopes for a championship, something the Wizards haven’t had since 1978.

John Wall

Wall’s contract is a five-year, $80 million contract extension. He sat beside Wizard’s owner Ted Leonsis, team president Ernie Grunfeld and head coach Randy Wittman. His eyes became watery during the press conference as he spoke about his mother’s support, who sat in the front row. He also announced he would make a million dollars to charitable organizations around the D.C. area.

Grunfeld drafted Wall in 2010, as the number one overall pick. The Wizards have struggled to reach the NBA Playoffs even with Wall on the team. During his rookie year, he showed a great amount of potential. During his second year, he had knee problems, which hindered his production. Once Wall came back late last season the team was playing much better.

Over his last three years in the NBA, he has averaged 16.9 points, eight assists and 4.4 rebounds joining Chris Paul as the only other point guard to average at least sixteen points, eight assists and more than four rebounds. Wall had a career high 18.5 points and 7.6 assists for last season.